Walmart CEO Doug McMillon said on a conference call that inflation took a toll on Walmart's top and bottom line — with fuel, container, storage and other costs spiking. At the same time, customers pulled back spending on high-margin general merchandise to compensate for rising food prices.
Read the entire article, by Ben Unglesbee, here:
Walmart's profits take a hit as fuel spikes and consumers react to inflation
What's Next?
If you are tired of chasing down deductions one at a time, there is a better solution! Deduction Recovery is an automated, cloud-based that makes deduction recovery simple! Stop spending hours running reports, searching for proof documentation, keying in disputes, and checking on dispute statuses. This software pays for itself many times over in time savings alone.
More from Walmart Supplier Blog
Learn how to download an up-to-date list of all Walmart Stores in the United States and the Distribution Centers that each store is aligned with.
Walmart Canada will be converting the Warehouse Management System (WMS) at the Regional Distribution Centre. Walmart will be moving from the legacy Warehouse Accounts Receivable System (WARS) to the Global Logistics System (GLS).